Ooma (NYSE:OOMA) SVP Jenny Yeh Sells 12,840 Shares of Stock

Ooma, Inc. (NYSE:OOMA) SVP Jenny Yeh sold 12,840 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $19.57, for a total transaction of $251,278.80. Following the sale, the senior vice president directly owned 264,615 shares in the company, valued at $5,178,515.55. This trade represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ooma Stock Up 1.8%

Shares of Ooma stock traded up $0.35 during trading hours on Tuesday, reaching $20.16. 287,560 shares of the company’s stock were exchanged, compared to its average volume of 271,728. The stock has a market cap of $554.26 million, a P/E ratio of 62.99 and a beta of 1.20. The company has a 50 day moving average of $18.08 and a two-hundred day moving average of $14.68. The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. Ooma, Inc. has a fifty-two week low of $9.79 and a fifty-two week high of $21.96.

Ooma (NYSE:OOMA) last released its earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The business had revenue of $81.15 million for the quarter, compared to analyst estimates of $79.84 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. On average, sell-side analysts forecast that Ooma, Inc. will post 0.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

OOMA has been the subject of a number of recent analyst reports. Alliance Global Partners reiterated a “buy” rating on shares of Ooma in a research note on Wednesday, May 27th. UBS Group set a $24.00 target price on shares of Ooma in a report on Wednesday, May 27th. Citigroup reiterated a “market perform” rating on shares of Ooma in a research note on Wednesday, May 27th. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Finally, Lake Street Capital raised their price objective on Ooma from $18.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ooma has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Institutional Trading of Ooma

Several hedge funds and other institutional investors have recently modified their holdings of OOMA. IFC & Insurance Marketing Inc. bought a new position in Ooma in the 4th quarter valued at about $34,000. Tower Research Capital LLC TRC grew its position in shares of Ooma by 225.2% in the second quarter. Tower Research Capital LLC TRC now owns 3,620 shares of the technology company’s stock valued at $47,000 after purchasing an additional 2,507 shares during the last quarter. Meeder Asset Management Inc. increased its stake in shares of Ooma by 28.3% during the first quarter. Meeder Asset Management Inc. now owns 3,359 shares of the technology company’s stock worth $49,000 after purchasing an additional 740 shares during the period. CWM LLC increased its stake in shares of Ooma by 45.6% during the fourth quarter. CWM LLC now owns 4,400 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,378 shares during the period. Finally, Royal Bank of Canada lifted its holdings in Ooma by 24.1% during the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after purchasing an additional 867 shares during the last quarter. Institutional investors own 80.42% of the company’s stock.

About Ooma

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.